Friday, July 29, 2011

Bloomberg: Swedish Growth Quickens, Signals Rate Increase

Swedish economic growth unexpectedly accelerated in the second quarter, underlining the likelihood that the central bank will press ahead with planned interest- rate increases to cool Europe’s biggest economic expansion.

Gross domestic product grew more than estimated in the three months through June, increasing a seasonally adjusted 1 percent, up from 0.8 percent in the previous quarter, Stockholm- based Statistics Swedensaid today. That compares with a median estimate of 0.6 percent in a survey of 16 economists. Annual growth slowed to 5.3 percent from 6.4 percent in the first three months.

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About international, national, regional and local statistics focused on Sweden from Alf Fyhrlund, CV: http://www.linkedin.com/in/alffyhrlund. See also Facebook group https://www.facebook.com/groups/136291596542008/. Mailto:alf.fyhrlund@gmail.com for contributions or queries. Use at first hand Google Chrome as web browser to get the best visualization.